Savings Account Rates
Effective as of February 24, 2012
Credit union rates in Massachusetts are often much more competitive than similarly sized banking institutions. This is because IC Federal Credit Union is a non-profit cooperative - members like you are also our owners. With no outside interests demanding higher profits, ICFCU has the opportunity to offer you outstanding rates on both accounts and loans.
(Note: Rates subject to change without notice - 1, 2, 3, 4, 5)
|
ACCOUNT NAME |
DIVIDEND RATE |
APY |
| Statement Savings |
0.20% |
0.20% |
| Passbook Savings |
0.20% |
0.20% |
| Just 4 Teens Savings |
0.20% |
0.20% |
| Just 4 Kids Savings |
0.20% |
0.20% |
| Christmas Club Savings |
0.20% |
0.20% |
| IRA Savings ($50 - $9,999.99) |
0.65% |
0.65% |
| IRA Savings ($10,000 - $24,999.99) |
0.95% |
0.95% |
| IRA Savings ($25,000 - $49,999.99) |
0.95% |
0.95% |
| IRA Savings ($50,000 & Over) |
1.20% |
1.20% |
| IC Direct Savings ($50 - $9,999.99) |
0.55% |
0.55% |
| IC Direct Savings ($10,000 - $24,999.99) |
0.55% |
0.55% |
| IC Direct Savings ($25,000 - $49,999.99) |
0.55% |
0.55% |
| IC Direct Savings ($50,000 & Over) |
0.55% |
0.55% |
| Money Market ($50 - $9,999.99) |
0.20% |
0.20% |
| Money Market ($10,000 - $24,999.99) |
0.30% |
0.30% |
| Money Market ($25,000 - $49,999.99) |
0.40% |
0.40% |
| Money Market ($50,000 & Over) |
0.60% |
0.60% |
APY = Annual Percentage Yield
1 Fees may reduce earnings on applicable accounts
2 A penalty may be assessed for early withdrawal
3 Please note that the rate for all variable deposit accounts is accurate as of the effective date listed above and
that the rate on variable deposit accounts may change from time to time.
4 $5.00 Minimum Opening Balance
5 $50.00 Minimum Balance Required to Earn Interest